Euro Manganese (ASX:EMN) Long-Term Capital Lease Obligation : A$0.23 Mil (As of Mar. 2024)

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What is Euro Manganese Long-Term Capital Lease Obligation?

Euro Manganese's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was A$0.23 Mil.

Euro Manganese's quarterly Long-Term Capital Lease Obligation stayed the same from Jun. 2023 (A$0.00 Mil) to Dec. 2023 (A$0.00 Mil) but then increased from Dec. 2023 (A$0.00 Mil) to Mar. 2024 (A$0.23 Mil).

Euro Manganese's annual Long-Term Capital Lease Obligation increased from Sep. 2020 (A$0.00 Mil) to Sep. 2021 (A$0.18 Mil) and increased from Sep. 2021 (A$0.18 Mil) to Sep. 2022 (A$0.19 Mil).

Euro Manganese Long-Term Capital Lease Obligation Historical Data

The historical data trend for Euro Manganese's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Euro Manganese Long-Term Capital Lease Obligation Chart

Euro Manganese Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Long-Term Capital Lease Obligation

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0.18

0.19

Euro Manganese Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	0.23

Euro Manganese (ASX:EMN) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Euro Manganese Long-Term Capital Lease Obligation Related Terms

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Euro Manganese (ASX:EMN) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Euro Manganese Inc (ASX:EMN) » Definitions » Long-Term Capital Lease Obligation

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EUMNF:USA E06:Germany EMN:Canada

Address

700 West Pender Street, Suite 709, Vancouver, BC, CAN, V6C 1G8

Website

https://www.mn25.ca

Euro Manganese Inc is a Canada-based mineral exploration company. It is mainly engaged in the evaluation and development of the Chvaletice manganese project for the production of high-purity electrolytic manganese metal and high-purity manganese sulphate monohydrate ("HPMSM") and other high-purity manganese products.